Trading starts with excesses.........excess knowledge/excess time/excess money.
3places u have to fight..............self/other traders/market.
Your other life.......should not fight with your trade learning life,this environment is imp.
then comes choise of system /strategy/timeframe.
variable market condition.......up/down/volatile/nontrend small move .
Which one to be done by you.......as per ur expectation......buy/hold/sell.
What price is telling u to do? .....buy/hold/sell
Now understand to prepare trade journal.........its tool of tuning,understand what u r supposed to do vs what u have done actually.
What is ur info source......can u nullify any hearsay from market..........your decision making skill should not be variable.....it must be sharpen constantly.
how u handle stress generated out of trading.
ALL this must be writen and followed just like breathing, then u r a trader.
3places u have to fight..............self/other traders/market.
Your other life.......should not fight with your trade learning life,this environment is imp.
then comes choise of system /strategy/timeframe.
variable market condition.......up/down/volatile/nontrend small move .
Which one to be done by you.......as per ur expectation......buy/hold/sell.
What price is telling u to do? .....buy/hold/sell
Now understand to prepare trade journal.........its tool of tuning,understand what u r supposed to do vs what u have done actually.
What is ur info source......can u nullify any hearsay from market..........your decision making skill should not be variable.....it must be sharpen constantly.
how u handle stress generated out of trading.
ALL this must be writen and followed just like breathing, then u r a trader.